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Salesmen & saleswomen now trying to beat system by getting their victims to do 6 transactions in ILPs and UTs. Just buy/sell and switch using MMFs. By 1st Jan 2012, all these victims are considered seasoned investors and exempted from CKA liao.
ReplyOther FIs like insurance companies are waiting for the deadline to come then implement. Meantime to beat the deadline their salesmen are urged to quickly sell, peddle as much as possible before they cannot anymore.You can see truthfulness of these companies.CKA is good for the customers and good for the advisers because it promotes win win but companies only want win for themselves and their salesmen.
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